Italy Unveils $100 Billion Economic Bailout
Berlusconi also said the government planned to reduce public debt now at 150 percent of GDP to 100% of GDP by 2011.
Finance Minister Giulio Tremonti said that the package would not have any impact on the three-year budget adopted in July. "It is because we had the budget in place that we were able to undertake these measures," Tremonti told reporters. Italy, Europe's fourth-largest economy, officially entered a recession in the third quarter.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
|
|
UP
73.00
|
UP
6.24
|
UP
18.86
|
DOWN
0.17
|
10 Yr
3.43%
SPDR Gold
109.74
|
|
+0.72%
|
+0.57%
|
+0.88%
|
-0.49%
|
Data delayed 20 minutes |














